Impact of GST on Indian Economy

The introduction of the Goods and Services Tax in India may be considered as the most important financial reform ever in the history of our country. On 30 th june 2017, the joint session of parliament was convened to proclaim and witness the transition of the whle country towards the new indirect tax regime applicable with effect from 1st july 2017. With the motto one nation, one tax, one market, the country virtually wake up on 1st july 2017, with a single GST, abolishing all the check posts and barriers in the movement of goods from one state to another and replacing the multiple tax structure prevailed in different states and union territories